XASE:VTG Vantage Drilling Co Insider Activity 4 Filing - 1/16/2012

Effective Date 1/16/2012

XASE:VTG (Vantage Drilling Co): Fair Value Estimate
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XASE:VTG (Vantage Drilling Co): Consider Buying
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XASE:VTG (Vantage Drilling Co): Consider Selling
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XASE:VTG (Vantage Drilling Co): Fair Value Uncertainty
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XASE:VTG (Vantage Drilling Co): Economic Moat
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XASE:VTG (Vantage Drilling Co): Stewardship
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DeClaire Christopher G
  2. Issuer Name and Ticker or Trading Symbol
Vantage Drilling CO [VTG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President & Secretary
(Last)
(First)
(Middle)
C/O VANTAGE DRILLING COMPANY, 777 POST OAK BOULEVARD, SUITE 800
3. Date of Earliest Transaction (Month/Day/Year)
01/16/2012
(Street)

HOUSTON, TX 77056
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 01/16/2012   A   120,600 A $ 0 (1) 2,212,873 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units (2) 01/16/2012   A   59,400     (2) 12/31/2015 Ordinary Shares 89,100(3) $ 0 136,400 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DeClaire Christopher G
C/O VANTAGE DRILLING COMPANY
777 POST OAK BOULEVARD, SUITE 800
HOUSTON, TX 77056
      Vice President & Secretary  

Signatures

 /s/ Mark C. Howell, Attorney-in-Fact   01/18/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted shares granted pursuant to the Amended and Restated 2007 Long-Term Incentive Plan. These shares will vest in four equal installments beginning on January 16, 2013.
(2) Each performance unit represents a contingent right to receive up to one and one half ordinary shares. Amount indicated reflects the target number of performance units awarded pursuant to the Amended and Restated 2007 Long-Term Incentive Plan. During the three year performance period to which these performance units are subject, the participant will receive the pro rata portion of the target award that corresponds with the company's attainment of total shareholder return relative to the company's peer group.
(3) Reflects number of ordinary shares that may be received if maximum level of performance is attained in all three years of the performance period.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XASE:VTG Vantage Drilling Co Insider Activity 4 Filling

Vantage Drilling Co XASE:VTG Stock - Get Insider Activity SEC Filing of Vantage Drilling Co XASE:VTG stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XASE:VTG Vantage Drilling Co Insider Activity 4 Filing - 1/16/2012
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